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Jul 19, 2011
07/11
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KRCB
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>> that is a big question. in the end, probably both, but what i hear is that the euro zone debt might have even bigger problems than the united states. if you look at the currency market, the dollar is trading higher in comparison to the euro, and this relative dollar's strength is hurting energy prices. oil is down by a good $2 per barrel. the dow jones industrial average, this is trading lower. >> looking at one company in particular, news corp. shares have fallen. and all cost the first big resignation in the states over the weekend. do people believe the murdoch empire is in danger? >> well, people talk about it. if news corp. may be split up into different pieces or separate pieces, if that is going to happen. it is too early to call, but it is a possibility, so a lot of uncertainties surrounding news corp. and also what might be on the legal side in the united states. there are stories that maybe the u.s. had families of the 9/11 victims hacked into. since the scandal broke, the stock is down roughly by
>> that is a big question. in the end, probably both, but what i hear is that the euro zone debt might have even bigger problems than the united states. if you look at the currency market, the dollar is trading higher in comparison to the euro, and this relative dollar's strength is hurting energy prices. oil is down by a good $2 per barrel. the dow jones industrial average, this is trading lower. >> looking at one company in particular, news corp. shares have fallen. and all cost...
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Jul 20, 2011
07/11
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KRCB
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. >> angela merkel warned that people should not be expecting one big, spectacular solution. this is a long, ongoing process. it is a matter of small steps. we have to make sure that greece becomes competitive again, that it gets its debt down, and that will not be achieved with one big, spectacular step. president medvedev also had some words to say on the euro. he says he is cautiously optimistic that it will pull through. he says it is an extortion attempt, said nations have never tried before, and it is wishing europe bloc -- he said it is an extraordinary attempts, such that nations have never tried before, and he is pushing europe luck. >> some clouds on the horizon. a closely watched survey said dennis analysts and institutional investors are in anticipating a weaker performance in the months to come -- a closely watched survey said analysts and institutional investors are anticipating a weaker performance in the months to come. use 9 last month. reflecting concern that the debt crisis, could spread to italy. however, the drop in german expectations may not translate t
. >> angela merkel warned that people should not be expecting one big, spectacular solution. this is a long, ongoing process. it is a matter of small steps. we have to make sure that greece becomes competitive again, that it gets its debt down, and that will not be achieved with one big, spectacular step. president medvedev also had some words to say on the euro. he says he is cautiously optimistic that it will pull through. he says it is an extortion attempt, said nations have never...
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Jul 14, 2011
07/11
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KCSM
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eye 228
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competition. >> the problem have right now is the regulatory framework lead to the dominance of the big three. that market has to be opened up, or there can't be any competition. >> assessing government that is big business. the experts cast out to set up a european ratings agency as a counterweight to commercial agencies. >> with you think about a state run ratings agency issuing national ratings, it is hard to see those ratings as credible. >> whether or not investors believe that will ultimately be repaid. >> it is not just about creating new rating agencies, rising economies are also calling for the establishment of independent agencies in their own countries. and there are calls for 80-20 agency as well. they point to the example of italy this week but came under attack by financial markets. the country is the third largest economy in europe. the borrowing rates are a white- collar form of strongarm robbery. a specially as rome is considering more cuts. >> other crisis, at this time is italy's finances in trouble. national that is almost 120% of gdp. twice the amount allowed. the h
competition. >> the problem have right now is the regulatory framework lead to the dominance of the big three. that market has to be opened up, or there can't be any competition. >> assessing government that is big business. the experts cast out to set up a european ratings agency as a counterweight to commercial agencies. >> with you think about a state run ratings agency issuing national ratings, it is hard to see those ratings as credible. >> whether or not investors...
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Jul 24, 2011
07/11
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KRCB
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. >> of course we had a really big problems. domestic sales have tumbled, but we were able to compensate by doing business abroad. for one and a half years, domestic activity has stalled. >> a 48 billion euro austerity package is supposed to kick start the recovery. along with cuts to the public- sector budgets, the berlusconi government wants to boost revenue. they say privatisation will bring in billions of euros. at the same time, various taxes are to be increased. experts warn that will not stop the crisis. >> as a whole, the austerity package has been defined. but whether it will be enough is hard to say. i have the impressions are not taking a focused look at individual measures. instead, they are examining the credibility of the institutions. >> even before the vote in parliament, union members were demonstrating against the austerity measures. the opposition agrees with their position, saying that families and a modest earners will bear the heaviest burden and there are other ways to save. >> for example, we could cut th
. >> of course we had a really big problems. domestic sales have tumbled, but we were able to compensate by doing business abroad. for one and a half years, domestic activity has stalled. >> a 48 billion euro austerity package is supposed to kick start the recovery. along with cuts to the public- sector budgets, the berlusconi government wants to boost revenue. they say privatisation will bring in billions of euros. at the same time, various taxes are to be increased. experts warn...
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Jul 16, 2011
07/11
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KCSM
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. >> there are so many big problems, especially in my age group. we have to rethink the entire system. >> with this austerity program, when is our economy going to grow again? this economy will never grow again. >> some economists say the measures will dampen growth. something had to be done. it today's overall debt is among the highest in europe. markets will keep a close eye on the country until the austerity measures start showing results. >> european stocks slid on a friday and posted their biggest weekly loss in four months. the german benchmark index closed in positive territory. across the atlantic, the dow jones industrial managed to close the day in positive territory. the euro is trading with $1 at $1.46. barack obama has warned that time is running out on raising the a limit the -- raising the limit on the amount of debt the u.s. can have. a decision is needed to avoid a possible default in early august. billy could mean a rise in interest rates in- -- failure could mean a rise in interest rates. more news with brian thomas. >> western a
. >> there are so many big problems, especially in my age group. we have to rethink the entire system. >> with this austerity program, when is our economy going to grow again? this economy will never grow again. >> some economists say the measures will dampen growth. something had to be done. it today's overall debt is among the highest in europe. markets will keep a close eye on the country until the austerity measures start showing results. >> european stocks slid on a...
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Jul 9, 2011
07/11
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CSPAN
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they have a lot of big american serials and movies. they have football rights which been after share with others. it has been an increasingly powerful force in british television media. when mr. murdoch proposed taking his minority stake to 100% control, it set up a chain of events were regulators and ministers have to consider competition and weathered the corporation's market share, when you look at newspapers and his television interests, have grown too big to allow further concentration of media ownership in the united kingdom and also something called media plurality. that is the idea of having enough voices in the mix. the bbc is the state-funded british broadcasting corporation which has television, radio, and online media and it is very competitive and raucous press that we have with more than one dozen daily national newspapers. then you have the new on-line upstarts. what is the appropriate mix of media ownership? it has been so controversial and divided for the british political environment because of this investigation into
they have a lot of big american serials and movies. they have football rights which been after share with others. it has been an increasingly powerful force in british television media. when mr. murdoch proposed taking his minority stake to 100% control, it set up a chain of events were regulators and ministers have to consider competition and weathered the corporation's market share, when you look at newspapers and his television interests, have grown too big to allow further concentration of...
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114
Jul 20, 2011
07/11
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CSPAN
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eye 114
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they were making big dollars. when they change things back on the internet, it went straight back to the fox news co.. they took it to court and before the judge. fox settled out of court. then they turned around for $600 million and bought the company. in the stand, right now, that murdoch has -- i understand, right now, that murdoch has immunity. is that true? host: do not know the answer to that. caller: i heard that it was and that did -- and i did now know that it was true or not. if it is, it is just like oliver north back then. hacking is illegal and should be brought on trial. host: from "the financial times" this morning, this is their lead editorial -- host: we have this twitter message -- host: abraham, your arm, we are talking about the impact -- you are on, we are talking about the impact of the phone hacking scandal. caller: rupert murdoch reminds me of nixon. they allowed their subjects to just run amok. should he get immunity? i do not think so. host: chicago, republican. caller: i was calling more
they were making big dollars. when they change things back on the internet, it went straight back to the fox news co.. they took it to court and before the judge. fox settled out of court. then they turned around for $600 million and bought the company. in the stand, right now, that murdoch has -- i understand, right now, that murdoch has immunity. is that true? host: do not know the answer to that. caller: i heard that it was and that did -- and i did now know that it was true or not. if it...
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Jul 19, 2011
07/11
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CSPAN
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eye 152
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the people like it's mcconnell are there to support big business. whether it is fox news or murdoch or wherever. that is where he thinks he's a support should go, not for the american people. host: you are a republican? caller: i became a republican at oxford university. having seen what i have seen in the past few months in particular, there is no way that republicans will get my vote in the near future. guest: it sounds like you have some interesting things to say. what you said about the consumer bureau consolidating into one place, that is 80% true. it consolidates them into one bureau. there is additional authority that it will have, and that is to supervise and regulate what are called non-bank financial firms. those are financial firms that do not take deposits. payday lenders, mortgage originators, that kind of thing. the principal was very simple. in the run-up to the financial crisis we had essentially what became known as the shadow banking industry. this was the mortgage factories that existed outside the deposit banks that turned up som
the people like it's mcconnell are there to support big business. whether it is fox news or murdoch or wherever. that is where he thinks he's a support should go, not for the american people. host: you are a republican? caller: i became a republican at oxford university. having seen what i have seen in the past few months in particular, there is no way that republicans will get my vote in the near future. guest: it sounds like you have some interesting things to say. what you said about the...
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Jul 15, 2011
07/11
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CSPAN
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that is the big issue. the issue that the gentleman makes -- moodys, standard and poor's, and others, that is where those who put their money with us look to see if there is something to be nervous about. nervousness in the business world and the investment world is creating a lot of the issues we have right now. it is the unknown that keeps people from reaching into their surplus money, and deciding whether or not to invest. the nervousness that is created if they should change the rating, they will not drop us to b bonds , i guarantee you, but even if they were to drop bus bounced -- drop us down to double a, there would be feared. fear drives a lot of dangerous thing. host: you're on your way to the conference meeting. what will happen in that room today? guest: i believe we will have presentations about what some of the thinking heads of this country think will happen if the debt ceiling is not increased, but i'm not certain about that. i think we will have discussions about negotiations that have been
that is the big issue. the issue that the gentleman makes -- moodys, standard and poor's, and others, that is where those who put their money with us look to see if there is something to be nervous about. nervousness in the business world and the investment world is creating a lot of the issues we have right now. it is the unknown that keeps people from reaching into their surplus money, and deciding whether or not to invest. the nervousness that is created if they should change the rating,...
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Jul 8, 2011
07/11
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CSPAN
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eye 176
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why big money always have to throw the burden on the backs of the poor. and i know people who will end up out on the streets if they go through with any major cuts in these programs. there is a lot of waste in these programs that could be taken care of. the hierarchies and government -- in government, that just will not let go. it seems like a couple of years ago there was a debate that drag on for months -- that was about health care. now we have another debate is dragging on for months, and now it is the deficit. it is like we are all being deceived. i don't go for conspiracy theories, but it is like our attention has been dragged away from something else that is really going on. host: arthur from corpus christi, texas. next is jackie who is a democrat from indianapolis. caller: good morning para you know -- good morning. you know, i have been watching politics ever since obama was an office and it appears to me, it does not matter what he does, he can't do anything right. as it relates to all of this talk about social security and being labeled as an e
why big money always have to throw the burden on the backs of the poor. and i know people who will end up out on the streets if they go through with any major cuts in these programs. there is a lot of waste in these programs that could be taken care of. the hierarchies and government -- in government, that just will not let go. it seems like a couple of years ago there was a debate that drag on for months -- that was about health care. now we have another debate is dragging on for months, and...